Plans For MSME Parks In Every District of Odisha

Plans For MSME Parks In Every District of Odisha

Plans to set up micro, small and medium enterprises (MSMEs) parks in all the 30 districts of the state, are in place according to Chief Secretary, SC Mohapatra. He said that MSMEs will get all infrastructure support including land, electricity and water in the districts. 

Odisha Industrial Infrastructure Development Corporation (IDCO) has been given more than Rs 450 crore to develop the required infrastructure in the districts for the purpose, he said at the concluding session of Propack Odisha 2022 and MSME Odisha 2022 organised by Odisha Assembly of Small and Medium Enterprises (OASME) on Sunday.

“In the last few years, we saw 30-40% growth in finance to MSMEs by banks which is encouraging. Chief Minister Naveen Patnaik has held two rounds of meetings with bankers in this regard,” Mohapatra said in response to entrepreneurs’ allegation of non-cooperation from banks.

Odisha Industries Minister P K Deb said the younger generation must take risks and not depend only on government support.

“Odisha has got the best infrastructure for industries. Large and heavy industries are coming to Odisha. But what the state requires most is MSME. The industry bodies should come forward and suggest the policy change for better industrialization,” he said.

State finance secretary Vishal Dev asked banks to ensure finance availability for MSMEs as the sector is an important pillar of economic development. But industries of this sector often face funding problems.

Banks, he said, have been told to ensure availability of finance for MSMEs and look after the quality part of finance.

The government is also proactively organising workshops with several banks and trade platforms on a regular basis.

“Our plan is to add all PSU banks to trade discounting platforms by the year end. It will greatly help MSME,” Dev said and urged banks to lend higher than what is targeted for them.